In the above chart, you can see that prices are gradually forming lower highs, indicating that the selling side is gaining momentum over the buying side. In most cases, prices will break below the support line and continue to decline. However, in some cases, when the support is too strong, prices will bounce back and establish a strong upward trend. The good news...
One of the most popular methods to identify a rebound is by using Fibonacci levels. Typically, rebounds occur within the 38.2%, 50%, and 61.8% Fibonacci retracement levels before continuing in the prevailing trend. If the price extends beyond these retracement levels, it could signal a potential reversal. It's important to note that we use the term "could" instead...
Bollinger Band Trading Strategy: Buying at Lower Band Touch with Reversion to Mean Place stop-loss below the lower band and take profit above the midline of the band. Set an alert for when the price touches the alert line, then adjust the order. RSI below 30 and trending upwards indicates a buying signal.
Right now, the value of the Euro (EUR) compared to the US Dollar (USD) is low (around 1.0740) as per strong Dollar (USD) considering the following factors: The European Central Bank (ECB) will likely keep interest rates the same this Thursday, but might consider lowering them in June. The US Federal Reserve (Fed) might wait longer to lower interest rates...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 As per my last analysis , attached on the chart, EURUSD rejected the upper red circle zone and traded lower. Currently, EURUSD is approaching the lower bound of the red wedge pattern. Moreover, the $1.07 is a strong support. 🏹 Thus, the highlighted red circle with the...
This is my Intraday analysis on EURUSD for 11 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish 2. As price formed a Bearish CHoCH before the CPI news, it was a nice signal for INT Structure to continue bearish. Expectations...
EURNZD Price : 1.78770 Trend : UP ( clear up trend on daily chart ) and the price has reached to very strong daily support level. Transaction: Buy Technical analysis failure at level : 1.78320 Technical analysis success at level : T1 ( 1.79600 ) - T2 ( 1.80730 )
First things first: 📊🔮My crystal ball tells me: EUR CPI (inflation data) today will be lower than consensus expected. -> This will weigh on the euro in the long term 🔮An old saying goes: "The crystal ball spoke and the ECB obeyed." A look back. 🔮 - As predicted in July last year, inflation in the eurozone fell far faster than the market and the ECB in...
What better way to start the new year than with a EURCHF long? I am open to suggestions. EUR view: ➡️ Inflation in the eurozone will rise slightly in early 2023 and climb towards the 3% mark🟢 ➡️ In addition, however, it will fall more sharply in the following months than the ECB currently expects, forcing the ECB to cut interest rates earlier than planned🟢 ...
SEED_DONKEYDAN_MARKET_CAP:JASMY UPDATE SEED_DONKEYDAN_MARKET_CAP:JASMY Is making bullish pennant pattern. Almost breakout done. We can see gain here upto 50%+ soon #JASMY #JASMYUSDT #JASMYBTC #JASMYBNB #BTC #CRYPTO
EUR/USD is currently on a support level which is an overlap support level and could reverse from this level to our take profit Entry: 1.07274 Why we like it: There is an overlap support level Stop loss: 1.06957 Why we like it: There is a pullback support level Take profit: 1.07767 Why we like it: There is a pullback resistance level Please be advised that the...
The price is moving in decent nice waves . The last wave was a great success after the price broke the stubborn support we entered a sell trade together u can check that in related ideas. Now the price is creating a new wave and i think the retracement is over. Using my Fib tool, i figured out that the prices hit 71% fib level and for me it is the right time to...
The EUR/USD plunged after the hotter-than-expected CPI, as traders reevaluated the odds of a Fed rate cut in June. EUR/USD has now perhaps broken out of the range of its significant Simple Moving Averages. Now we might get another pushdown in the lead up to or after the ECB interest rate decision tomorrow. The April 2 swing low of 1.07245 may prove pivotal....
The recent release of the US Nonfarm Payrolls report for March has sparked significant movements in the EUR/USD currency pair, with implications for traders and investors worldwide. This article provides a comprehensive analysis of the key factors driving these fluctuations and offers insights into potential future trends in the forex market. US Nonfarm Payrolls...
The price is currently piercing through the cloud and aiming to overcome the resistance level. I believe the price will soon retrace.
The EUR/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further gains in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of...
In the ever-changing financial landscape, the Euro (EUR) remains a pivotal currency, subject to various influences and market dynamics. Recent developments have shed light on the complexities and opportunities within the EUR market. Key factors impacting the EUR's trajectory include economic data releases, central bank policies, and geopolitical events. Despite...
Like the previous example, ADX has been below the 20 zone for some time. At that time, EUR was also moving sideways. After ADX increased past 50, EUR also broke its peak and created a strong uptrend